Business

Facebook Overseas will hold a 30% stake in Reliance Enterprise Intelligence Ltd, Reliance Industries’ new AI venture. The joint venture, aimed at developing and marketing enterprise AI services, will see an initial investment of Rs 855 crore by both partners.

The US is keen to finalise a trade deal with South Korea once Seoul accepts “appropriate” commitments, a senior official said. The two nations are negotiating terms of a $350 billion investment pledge ahead of the Trump-Lee summit in Korea.

Michezo Sports has closed a funding round led by Centre Court Capital with participation from Rainmatter. The investment marks the formal entry of venture capital into India’s largely unorganised sports infrastructure industry.

Reliance Industries said it will comply with all applicable sanctions and recalibrate its refinery operations after the US imposed fresh restrictions on Russian oil majors Rosneft and Lukoil. The company said it is assessing the impact on its long-term crude supply deals

Dr Reddy's Laboratories reported a 14.5 per cent rise in consolidated Q2 profit to Rs 1,437 crore, driven by strong branded sales. Revenue grew to Rs 8,805 crore, with robust performance in Europe, India, and emerging markets offsetting North America declines

Mumbai markets opened lower on Friday as Sensex fell 153 points and Nifty dropped 51 amid profit booking and FII outflows. Despite recent highs, Hindustan Unilever and Kotak Bank declined, while ICICI Bank and Tata Steel gained; Asian markets traded higher

India has emerged as the top target for Lumma Stealer malware, with over 44,000 infected Windows devices between March and May 2025, according to Microsoft’s Digital Defense Report. The country ranks eighth globally in overall cyber threat exposure, facing rising identity-based attacks and infiltration by North Korean IT operatives.

From November 1, 2025, bank customers can nominate up to four persons in their accounts, either simultaneously or successively. The Banking Laws (Amendment) Act, 2025, aims to ensure transparency, uniformity, and efficient claim settlement across all banks

A Bengaluru girl filed a police complaint against her lover and his family, alleging sexual exploitation and forced conversion to Islam for marriage. The case has drawn political attention, with Hindu groups and BJP leaders demanding a thorough investigation

The Unified Payments Interface (UPI) recorded its highest-ever single-day value of Rs 1.02 lakh crore on October 18, buoyed by strong festive demand and GST rate cuts that boosted consumer spending. Retail sales also surged to an unprecedented Rs 6.05 lakh crore

State Bank of India has been named World’s Best Consumer Bank 2025 and Best Bank in India 2025 by Global Finance, New York. Commerce Minister Piyush Goyal lauded SBI’s role in driving financial inclusion and strengthening India’s growth story

Apple shipped 4.9 million iPhones to India in Q3 CY25, a 47% YoY increase, driven by the iPhone 17 series and festive demand. India accounted for 9% of global shipments, while exports surged 75% to $10 billion.

Sensex and Nifty surged in early trade on US-India trade optimism, boosted by IT stock gains, fresh foreign fund inflows, and festive season buying. Brent crude rose, while FIIs purchased equities worth Rs 96.72 crore on Tuesday.

The rupee strengthened 13 paise to 87.80 against the US dollar amid US-India trade optimism. Gains were supported by foreign inflows, domestic equity rally, and risk-on sentiment, as markets await updates on tariffs and oil import adjustments.

Microsoft CEO Satya Nadella’s total compensation surged to $96.5 million in FY25 — his highest since taking over in 2014. The jump reflects Microsoft’s AI-led growth, with about 90% of his pay coming from company shares tied to performance.

Gold prices are expected to open lower on Wednesday after a 5.5% global decline — the steepest since 2020. Analysts predict domestic prices could fall to Rs 1.22–Rs 1.23 lakh per 10 grams, driven by profit-booking and easing global economic fears.

Telangana’s industrial sector has seen a sharp decline in investments and job creation since the Congress government took office in December 2023. Despite high-profile investment commitments, TG-iPASS approvals have dropped significantly.

Case relates to alleged suicide of a 38-year-old employee, K Aravind, who reportedly left behind a death note accusing his seniors of workplace harassment

Gold and silver prices corrected after record highs, but festive jewellery sales during Dhanteras surged 35–40 per cent. Silver ETFs saw steep declines amid global price cooling, while gold eased on profit-booking and rate-cut expectations.

Breaking with tradition, the NSE and BSE will hold Diwali Muhurat trading in the afternoon between 1:45 p.m. and 2:45 p.m. today, marking the start of Samvat 2082. Commodity markets will follow similar timings amid festive investor optimism.

A major outage at Amazon Web Services (AWS) on Monday disrupted global access to numerous online platforms, including Alexa, ChatGPT, Snapchat, Fortnite, and Canva. The issue, traced to AWS’s US-EAST-1 region, caused increased error rates and latency across multiple services.

US President Donald Trump warned India of “massive tariffs” if it continues buying Russian oil, claiming Prime Minister Modi assured him of a halt in purchases. India denies such a commitment, citing energy diversification and market conditions.

The historic Calcutta Stock Exchange, founded in 1908, is set to celebrate its final Kali Puja and Diwali as it prepares to exit the stock exchange business. SEBI approval, land sale, and employee VRS mark the winding-up process.

Silver prices are expected to remain steady around USD 55 per troy ounce through December 2025, driven by global trade instability, investment uncertainty, and rising industrial demand from solar energy, EVs, and AI hardware, says Hindustan Zinc CEO Arun Misra.